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Sensex jumps 300 pts, Nifty eyes 8600

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The Sensex has opened higher by 291 points at 28,730 mark whereas the Nifty gas gained 87 points at 8,583 levels.

Equity benchmarks started of December series on a strong note with the Sensex and Nifty hitting an all-time highs led by banking and financials.

ICICI Bank, SBI, M&M, Axis Bank, Tata Motors, BPCL, Asian Paints and Jindal Steel topped the buying list, up 2-4 percent while Gail and Infosys are marginally in red.Cairn India fell 3.56 percent and DLF declined 1.59 percent.

Indian rupee has opened lower by 6 paise at 61.93 a dollar on Friday, compared to previous day's closing value of 61.87 per dollar.

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